Gold adjustment is not over yet, continue to short at highs

3 paź

Gold continued to fluctuate in today's Asian session, failing to initiate a strong rebound and instead fluctuating weakly. This suggests that gold's short-term correction has not concluded and may continue. Today's non-farm payroll report may be delayed, so without supporting data, short-term volatility is likely to continue.

Gold's 1-hour moving average has begun to turn upward, forming a double top pattern. Short-term bulls have yet to re-establish themselves at the gold neckline, indicating continued weakness. Gold rebounded several times but still failed to break through the pressure of 3865. Gold near 3865 in the European session is an opportunity to short on rallies.

Resistance levels: 3865, 3878

Support levels: 3843, 3828

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3 paź

Zlecenie aktywne

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3 paź

Transakcja zamknięta: osiągnięto wyznaczony cel

Wait patiently for the non-farm payroll data in an hour (there is a high probability of delay)